Myerberg also reports that Miami Hurricanes head coach Jim Larranaga has earned AP Coach of the Year honors as well following a tremendous season in which he led the Hurricanes to their first ACC regular-season title and ACC tournament championship.

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Second-seeded Miami reached the Sweet 16 of the 2013 NCAA tournament for just the second time in program history before losing to third-seeded Marquette in the East Regional semifinals.

Miami finished the season at 29-7, going 15-3 in ACC play. The Hurricanes finished with five more wins than they've ever had before in a single season.

Meanwhile, Burke is averaging 18.8 points and 6.8 assists per game this season in his second year in Ann Arbor.

The versatile 6'0" point guard is averaging 15.5 points and 7.8 assists per game for Michigan during its current NCAA tournament run. He's been the catalyst for the Wolverines' first Final Four appearance in 20 years.

Other top candidates for the AP Player of the Year award were Georgetown's Otto Porter Jr., Indiana's Victor Oladipo and Creighton's Doug McDermott. None of those players' teams made it past the Sweet 16, however.

According to Darren Heitner of Forbes (via Twitter), Burke will enter the NBA draft after the Final Four.

Burke's mother, Ronda, told Eric Adelson of Yahoo! Sports that Trey has yet to make a decision.